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Coins.ph, the Philippines’ largest digital asset platform, has achieved key milestones in its global expansion, including launching early access for Australian users and an upcoming launch in Brazil. This comes on the back of record numbers and strong performance for Coins.ph this year. Not only has trading volume on the exchange grown 10 times, the […]
Brazil’s Central Bank has increased its benchmark interest rate, the Selic, to 12.25% per year. The Monetary Policy Committee (Copom) unanimously decided to raise the rate by one percentage point. This move aims to curb inflation and stabilize the economy. The decision reflects growing concerns about Brazil’s economic landscape. Inflation expectations have become unanchored, and […]
The Brazilian stock market, represented by the Ibovespa index, has gained momentum, reflecting optimism surrounding the potential approval of a fiscal package in Congress. This optimism coincides with ongoing negotiations between the government and lawmakers. On December 10, the Ibovespa climbed by 0.80%, closing at 128,228.49 points. Concurrently, the dollar traded at R$ 6.0480, marking […]
The Brazilian stock market experienced a notable upturn, driven by heavyweight companies. The Ibovespa index climbed back above 127,000 points, fueled by expectations of new stimulus measures in China. This surge followed China’s decision to adjust its monetary policy stance to “appropriately loose.” On Monday, December 9, the main Brazilian stock index rose by 1.00%, […]
The United States Women’s National Team will have another pair of monster friendlies in April. Today, U.S. Soccer announced that the USWNT will face Brazil in friendlies at SoFi Stadium in Los Angeles on April 5th and PayPal Park in San Jose on April 8th. The matches will be the first between the two teams […]
US president-elect Donald Trump has suggested that China could play a key role in brokering peace between Russia and Ukraine, in comments that referenced the dramatic collapse of Bashar al-Assad’s 50-year regime in Syria on Sunday. “Too many lives are being so needlessly wasted, too many families destroyed, and if it keeps going, it can […]
PetroReconcavo, a key Brazilian oil and gas producer, faced a 2.5% drop in output during November 2024. This dip offers a window into the complexities of managing mature oil fields and the broader energy sector’s challenges. The company’s total production fell to 26,121 barrels of oil equivalent per day (boe/day). The Potiguar asset saw a […]
The European Union and Mercosur have officially concluded a landmark trade agreement after 25 years of negotiations, a development announced on December 6, 2024, in Montevideo. Uruguayan President Luis Lacalle Pou and European Commission President Ursula von der Leyen led the announcement, with leaders from Brazil, Argentina, and Paraguay also in attendance. This agreement aims […]
The Brazilian stock market began December on a downward trajectory, driven by banking sector challenges and ongoing fiscal concerns. On Monday, the Ibovespa index fell by 0.34%, closing at 125,235.54 points. Meanwhile, the dollar reached a new nominal record against the real, ending the session at R$ 6.065, marking a 1.13% increase and setting a […]
The Brazilian stock market experienced a tumultuous week as investors grappled with the government’s latest fiscal announcements. The Ibovespa, Brazil’s main stock index, closed with a slight gain of 0.86% at 125,676.39 points on Friday. However, this modest increase did little to offset the week’s overall losses. The market’s performance reflected a growing unease among […]